Public Sector Financial Management and Accountability: Ensuring Transparency and Value

Module 1: Introduction to Public Sector Financial Management

Overview of public sector finance and accountability

Key principles and objectives of financial management in government

Roles of financial management professionals in promoting transparency

Module 2: Legal and Regulatory Frameworks

Public finance laws, regulations, and policies

International standards for public financial management (e.g., IPSAS)

Compliance and accountability requirements

Module 3: Budgeting in the Public Sector

Budget preparation and planning processes

Performance-based and program-based budgeting

Aligning budgets with strategic priorities

Module 4: Public Expenditure Management

Allocation, monitoring, and control of public resources

Cash flow management and treasury operations

Ensuring fiscal discipline and efficiency

Module 5: Internal Controls and Risk Management

Designing effective internal control systems

Risk identification, assessment, and mitigation

Fraud prevention and detection mechanisms

Module 6: Financial Reporting and Transparency

Preparing accurate and timely financial reports

Financial statement analysis for decision-making

Mechanisms for public disclosure and transparency

Module 7: Performance Monitoring and Value-for-Money

Monitoring expenditure against planned outcomes

Conducting value-for-money assessments

Evaluating efficiency, effectiveness, and impact of public spending

Module 8: Audit and Oversight Mechanisms

Roles of internal and external audit institutions

Audit planning, execution, and reporting

Integrating audit findings into accountability frameworks

Module 9: Governance and Ethical Standards

Principles of good governance in public finance

Promoting ethical behavior and integrity

Strengthening accountability and oversight mechanisms

Module 10: Case Studies and Practical Application

Review of real-world public sector financial management scenarios

Lessons learned from successful reforms

Practical exercises in budgeting, reporting, and accountability